The Aloe Vera Gel Market size is estimated to reach $621.4 million by 2027. Furthermore, it is poised to grow at a CAGR of 7.4% over the forecast period of 2022-2027.Aloe vera as a food ingredient has been used to treat high blood sugar and to reduce the chances of gastric ulceration. Additionally, aloe vera is a mucopolysaccharide that would help in intestinal motility and glutathione reductase. Furthermore, aloe vera has been extensively used by the personal care industry and cosmeceuticals owing to its excellent moisturizing properties, thereby, helping in reducing incidences of wrinkles and acne. Owing to the presence of various vitamins and minerals, it has been an extensive source of anti-aging cream. The growing geriatric population can be inclined to use such creams if the product is positioned as such. Various health benefits of aloe vera gel such as its antibacterial, antiviral and antiseptic properties; the ability to accelerate wound healing, reduce dental plaque and help treat mouth ulcers; positive laxative effects; and the ability to improve skin and prevent wrinkles are the plausible driver for the Aloe Vera Gel Industry for the projected period of 2022-2027.The Aloe Vera Gel Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Aloe Vera Gel industry are –
1. LILY OF THE DESERT ORGANIC ALOECEUTICALS
2. Aloe Farms Inc.
3. Terry Laboratories Inc.
4. Foodchem International Cooperation
5. Natural Aloe Costa Rica S.A.
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Segmental Analysis:
1. Aloe vera gel has been an excellent skin healer and provides protection against skin burn. Aloe vera acts as a protective layer of the skin and helps replenish its moisture. However, Pharmaceutical Industry is estimated to be the fastest-growing, with a CAGR of 8.6% over the forecast period of 2022-2027. It is owing to the overall nutritional qualities which allow a multi-dimensional use.
2. Aloe vera gel market based on distribution channels can be further segmented into Offline and Online. The offline segment held a dominant market share in the year 2021. It is owing to the preferential selling techniques to advertise new products that are favored through hypermarkets and supermarkets.
3. Aloe vera gel market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. Asia-Pacific held a dominant market share of 31% as compared to the other regions in 2021. China and India are the dominant marketable places for aloe vera, and both the regions provide excellent profit metrics for wholesalers and retailers.
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Report Coverage |
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Report Attributes |
Details |
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By Nature |
Conventional & Organic.
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By End-Use Industry |
Cosmetic and Personal Care Industry, Food and Beverages Industry, and Pharmaceutical Industry.
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By Distribution Channel |
Offline and Online. |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges:
1. property of aloe vera gel to combat and prevent skin wrinkles, and aging effects have allowed the market to space: Natural or green beauty has been a growing discipline within the Cosmeceutical Industry. Green beauty is anything and everything which is sourced using ethical and sustainable practices, without relying on animal cruelty. Aloe Vera gel has been extensively used to prevent wrinkles and acne. Since aloe vera is rich in anti-inflammatory properties it can kill and fight against acne-causing bacteria.
2. Medicinal use of aloe vera gel in controlling various forms of cardiovascular diseases allows the market to reach exponential potential: As per a report by Herbal Medicines, aloe vera gel contains around 200 active substances primarily including vitamins, minerals, enzymes, and polysaccharides. All the said components work together to provide the desired result. Aloe vera gel is a powerful anti-inflammatory that can help in treating various forms of health complaints, including constipation-colic, and high blood pressure issues.
3. Sensitive conditions to incur/ grow aloe vera plantation has been a limiting factor: Aloe-vera commercial farming is gaining market traction owing to high profitability metrics. The average yield of Alow Vera leaves for one hectare of land is estimated to be 15 to 20 tonnes. However, the industry remains highly unregulated which often created wide-scale problems, especially during plantations. One of the limiting factors for the growth of aloe vera is pests.
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